Get them exclusively at IPO Edge. We believe that the vertical will continue to outperform as e-commerce and supply chain growth fuel tailwinds, intensifying the need for high quality and well-located mission critical facilities in logistically connected corridors.. View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. QuoteMedia. Free cash flow for the twelve months ended March 31, 2021, was $129 million. This Domestic for Profit company is located at 13331 SW 45TH DRIVE, MIRAMAR, FL, 33027 and has been running for eleven years. About Bridge Investment Group Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $31.8 billion of. Our Professionals LEAD OUR SPECIALIZED VERTICALS WITH FULLY INTEGRATED TEAMS, Chief Executive Officer & Co-Chief Investment Officer, Bridge Multifamily, Vice Chairman & Head of Client Solutions Group, Senior Managing Director & President, Bridge Debt Capital Markets, Senior Managing Director, Bridge Debt Capital Markets, Senior Managing Director & Co-Chief Investment Officer, Bridge Multifamily, Senior Managing Director & Chief Investment Officer, Bridge AMBS, Senior Managing Director & Chief Executive Officer, Co-Chief Investment Officer, Bridge Seniors Housing & Medical Properties, Senior Managing Director & Chief Investment Officer, Bridge Debt Strategies, Senior Managing Director & Chief Investment Officer, Bridge Development and Opportunity Zones, Senior Managing Director & Chief Executive Officer, Co-Chief Investment Officer, Bridge Logistics Properties, Senior Managing Director & President, Bridge Property Management, Co-Chief Investment Officer, Bridge Multifamily, Senior Managing Director, Acquisitions & Co-Chief Investment Officer, Bridge Workforce & Affordable Housing, Senior Managing Director, Client Solutions Group, Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease, Senior Managing Director & Co-Chief Investment Officer, Bridge Logistics Properties, Senior Managing Director & Co-Chief Executive Officer, Bridge Single-Family Rental, Senior Managing Director, General Counsel, Senior Managing Director & Chief Investment Officer, Bridge Renewable Energy, Senior Managing Director & Chief Asset Officer, Bridge Debt Strategies, Senior Managing Director & Deputy Chief Investment Officer, Bridge Debt Strategies, Senior Managing Director & Head of Asia, Client Solutions Group. In some cases, you can identify forward-looking statements by terms such as outlook, could, believes, expects, potential, opportunity, continues, may, will, should, over time, seeks, predicts, intends, plans, estimates, anticipates, foresees or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. Bridge Investment executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. This is the Bridge Investment Group company profile. Market Data copyright 2023 QuoteMedia. The presentation is titled Fourth Quarter 2022 Earnings Presentation.. Mike Sodo, CEO of Bridge Industrial Net Lease Fund Manager LLC (the Fund Manager) is a co-founder of the vertical and member of the Investment Committee (the Investment Committee) of the general partner of the fund (the General Partner), with over 20 years of experience in the real estate, finance and accounting industries. Robert Randolph Morse is the Exec. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. 646-818-9050 In 2020, Bridge sponsored the first iteration of our Bridge CARES: COVID-19 Relief Fund, provided college scholarships to 12 Bridge Scholars as part of the Bridge to Education program, bolstered the spirit of the Opportunity Zone legislation by sponsoring 38 foster youth at our Archer Avenue project in Queens, distributed 1,500 pairs of athletic shoes to disadvantaged elementary school students as part of the Bridge Boots on the Ground program and supported 7,200 homeless youth with essential supplies via our We Got Your Back initiative. He is also on the board of Amkor Technology, Inc. Bridge Investment Group Holdings Inc. (BRDG). Robert R. Morse received an undergraduate degree from Yale University, an undergraduate degree from Harvard Law School and an undergraduate degree from Harvard Business School. On average, Mr trades about 1,579 units every 130 days since 2013. On the appointment of the Bridge Industrial Net Lease team, Morse said: We are thrilled to welcome Mike, Matt, Brandon and James to the Bridge team. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. We achieved record closes for three of our specialized strategies with Debt Strategies IV at $2.9 billion, Multifamily V at $2.3 billion and Workforce & Affordable Housing II at $1.7 billion, highlighting the confidence investors place in our best-in-class investment teams. Mr Morse owns over 20,000 units of Bridge Investment stock worth over $1,009,649 and over the last 10 years he sold BRDG stock worth over $0. Mr Morse is 66, he's been the Exec. As the Exec. I have no business relationship with any company whose stock is mentioned in this article. Below is a table of relevant capitalization and valuation figures for the company: As a reference, a potential partial and much larger public comparable to Bridge would be Brookfield Asset Management (BAM); below is a comparison of their primary valuation metrics: Bridge is seeking public capital market investment to redeem underlying operating company units, with little left over for future growth plans. Mr has made over 2 trades of the Bridge Investment stock since 2015, according to the Form 4 filled with the SEC. Last updated: 4 January 2023 at 4:00pm EST. Robert Morse. Acquisition of Newbury Partners View press release View presentation. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Charlotte Morse Chairman at Bridge Investment. Chairman at Bridge Investment. As the Exec. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. Vice Chairman & Head of Client Solutions Group. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Due to its forward integration, Bridge was able to connect with residents and tenants directly in the COVID-19 pandemic environment to assist as they navigated through the challenges it posed. We enter 2021 with optimism and resolve, to continue to execute on our mandate to produce first quartile results across our specialized investment verticals., Jonathan Slager, Chief Executive Officer, said, We were able to be opportunistic in selected verticals and markets throughout the year, and our deep local presence in the most attractive markets in the US allowed Bridge to deploy capital into attractively priced assets. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. If you have an ad-blocker enabled you may be blocked from proceeding. Robert Morse, Executive Chairman at Bridge said, Both market conditions and operating challenges were unprecedented in the face of the COVID pandemic, and Bridge navigated through difficult conditions well. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson Since 2019 and across three funds, Bridge has raised and deployed nearly $2 billion of equity to pursue 35 development projects aggregating $4.5 billion of value. Net Income was $124.4 million for the quarter ended June 30, 2022, compared to $83.2 million for the quarter ended June 30, 2021, representing a 50% increase year-over-year. The funds used to redeem some of the Class A Units held directly or indirectly by certain of the Original Equity Owners will not be available to us for use in connection with our future growth initiatives. Bridge Debt Strategies Fund Manager is focused on debt investments primarily against recession-resistant multifamily assets with attention to liquid, high-growth secondary markets in the US, said James Chung, Chief Investment Officer for the Bridge Debt Strategy. Mr Morse owns over 20,000 units of Bridge Investment stock worth over $964,420 and over the last 10 years he sold BRDG stock worth over $0. Inna Khidekel, Chairwoman of the Bridge Charitable Giving Committee, commented that Bridge has always been at the forefront of community revitalization, and our growth has allowed us to further support the communities in which we operate. Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $43.3 billion of assets under management as of December 31, 2022. TIGER 21 produces a quarterly Asset Allocation Report that measures the aggregate asset allocation exposures of its Members based upon their Portfolio Defense presentations. All Rights Reserved. Robert Morse, Bridges Executive Chairman, remarked Bridge delivered another strong year of financial results despite a challenging macroeconomic environment. The primary risks to the companys outlook is a rise in interest rates raising its cost of capital or an economic downturn from a resurgence in COVID-19 variant infections in the U.S. As for valuation, compared to Brookfield, Bridge is generating free cash flow per share yield of 7.35% versus BAMs forward yield of 1.02%. This report is intended for educational purposes only and is not financial, legal or investment advice. Executive Chairman. Prosek Partners Mr. Morse made investments on behalf of Citigroup clients across multiple asset classes, including equities (public and private), corporate acquisitions, distressed and mezzanine debt and real estate. Bridge reported strong results for the third quarter. I am excited to further cultivate our ESG work in 2021 and beyond as we pursue solar initiatives, expand sustainability reporting, continue growing our social and community programming, further enhance green sustainability activity across our assets, and promote continued DE&I progress firmwide.. Management says it will use the net proceeds from the IPO as follows: We intend to use the net proceeds from this offering (including any net proceeds from any exercise of the underwriters option to purchase additional shares of Class A common stock) to purchase 18,750,000 Class A Units (or 21,562,500 Class A Units if the underwriters exercise in full their option to purchase additional shares of Class A common stock) directly from the Operating Company at a price per unit equal to the initial public offering price per share of Class A common stock in this offering less the underwriting discounts and commissions and estimated offering expenses payable by us. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Robert Morse brings over 35 years of experience in real estate investment management, commercial and investment banking and private equity fund management as Executive Chairman of Bridge Investment Group (Bridge or the Firm). Bridge intends to raise $300 million in gross proceeds from an IPO of its Class A common stock, offering 18.75 million shares at a proposed midpoint price of $16.00 per share. Our employees drive our success with the shared focus to build a better future for our investors, tenants, residents, and communities. Katie Elsnab. Senior Managing Director & President, Bridge Debt Capital Markets . Our significant real estate investment experience and boots on the ground operating platforms allows Bridge to provide a fully-integrated investment and property management process to identify attractive opportunities and proactively manage the assets to optimization, concluded Morse. SALT LAKE CITY, Utah-- (BUSINESS WIRE)-- Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge" or the "Company") today reported its financial results for the fourth quarter and year ended December 31, 2022. In a separate press release issued today, Bridge announced it has entered into a definitive agreement to acquire substantially all of the business of Newbury Partners LLC, an investment manager that specializes in acquiring limited partnership interests through secondary transactions, for $320.1 million. Use tab to navigate through the menu items. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. Among the many highlights, Bridge became a UN PRI Signatory, established designated ESG Steering and Diversity, Equity and Inclusion (DE&I) Committees, and received shortlist award recognition from UN PRI and the ESG Investing Awards for its impactful work in the preservation and rehabilitation of affordable housing across the U.S. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. Bridge Multifamily is a fully-integrated manager with over 900 professionals focused on multifamily property management. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. As an integrated property manager, we seek to deliver outstanding value for the rental dollar, through the provision of extensive community and social programming at our communities, to deliver much more than simply four walls and a roof to our valued residents.. Chief Financial Officer. ET on February 28, 2023 and can be accessed by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international), and providing the passcode 13736320. As of March 31, 2021, management said it had approximately $26 billion of AUM across its funds and other investment vehicles. About Bridge Investment Group Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $38.8 billion of. The Firms vertically-integrated operating platform complements the lending platform by providing in-depth due diligence and the ability to own and manage assets if necessary.. I am not receiving compensation for it (other than from Seeking Alpha). A figure under 10% is generally considered a low float stock which can be subject to significant price volatility. Robert Morse, Bridge's Executive Chairman, remarked "Bridge delivered another quarter of strong results with fundraising inflows of $1.3 billion, driven by continued demand for our flagship . On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $46,431. This earnings release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. shareholderrelations@bridgeig.com, Media: As CEO, Mr. Sodo oversees the business activities of the vertical, including real estate investment decisions, banking relationships, capital origination, investor relations, and executive oversight of the vertical. The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG stock currently worth $96,000. Morgan Stanley is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 22.7% since their IPO. Their collective experience is vital to our success as we move into the increasingly important industrial net lease vertical., About the Bridge Industrial Net Lease team. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. Managements presentation of the company roadshow is available here. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. During Roberts tenure, Citigroup was awarded the Best Bank in Asia award annually by FinanceAsia, EuroMoney and The Asset magazines and in selected client surveys. Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of the Company or any investment fund managed by the Company or its affiliates. Bridge Investment Group Holdings Inc ( NYSE: BRDG) Q4 2022 Results Conference Call February 14, 2023 8:30 AM ET Company Participants Bonni Rosen - Head of Shareholder Relations Katherine. In his past career Mr. Morse was Chairman, Managing Director & Co-CEO at Primus Financial Holdings Ltd., Chairman & Chief Executive Officer for PMC Partnership Ltd., CEO-Asia Institutional Clients Group at Citigroup, Inc. and Head-Investment Banking at Salomon Smith Barney, Inc. (a subsidiary of Citigroup, Inc.) and Principal at Salomon Brothers. This is a mid-tier performance for all major underwriters during the period. Management is headed by Chief Executive Officer Jonathan Slager, who has been with the firm since its inception and has more than 35 years experience in real estate, finance and software companies. . Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. 35 years experience in real estate, finance and software companies. TJ STANLEY INVESTMENT GROUP,INC. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. Mr. Morse served as Chairman and Co-Chief Executive Officer of PMN Capital, a private equity firm based in Hong Kong, from January 2009 to January 2012. Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. Robert Morse brings over 35 years of experience in real estate investment management, commercial and investment banking and private equity fund management as Executive Chairman of Bridge Investment Group ("Bridge" or the "Firm"). Terms of Use. There are no older and 5 younger executives at Bridge Investment. The Company will host a conference call on February 14, 2023 at 8:30 a.m. Through analytical structuring and extensive, data driven stress testing, Bridge AMBS seeks to deliver 8-10% net to the investor current yield coupled with monthly liquidity to investors in this strategy. Isela Rosales, MD of ESG at Bridge, further mentioned that 2020 was a milestone year for Bridge on the ESG front. Bridge Seniors Housing Fund Manager LLC (Bridge Seniors) believes that seniors housing is one of the most attractive segments in the US real estate market, offering significant consolidation opportunities and durable industry fundamentals. Now is your opportunity to do even more for you and for others. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. Jonathan Slager. TIGER 21 Chairs have achieved the kind of success most people can only imagine. 15 minutes unless otherwise indicated (view Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. The firm seeks to directly operate the. Bridge Investment Group Holdings Inc. Moreover, the COVID-19 pandemic has further elevated the importance of private-pay seniors housing as a critical component of the US healthcare continuum, underscoring the durability, essential, and needs-based nature the of the sector. NEW YORK--(BUSINESS WIRE)--Bridge Investment Group LLC (Bridge) today announced the launch of its industrial net lease strategy (Bridge Industrial Net Lease), which aims to focus on acquiring attractively priced mission critical industrial net lease real estate scaled for diversification and durable income in prime U.S. growth markets. Mr. Morse served as Chief Executive Officer of Citigroups Asia Institutional Clients Group from April 2004 to October 2008, where he provided direct management oversight of Citigroups $5 billion of proprietary capital. Investors: afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Bridge has targeted development and re-development projects to invest in energetic, in the path of progress Opportunity Zones throughout the country, said David Coelho, Chief Investment Officer for the Bridge Opportunity Zone Strategy. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. Bridge Investment Group Holdings Inc. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. SALT LAKE CITY, Utah--(BUSINESS WIRE)-- Media Contact Mr. Freeman has over 10 years of commercial real estate experience and has been involved in the acquisition, management and disposition of more than $1 billion in commercial real estate assets. Bridge expanded its set of Fixed Income products in 2020; launched amidst the COVID-19 pandemic, the agency mortgage-backed securities strategy managed by Bridge Agency MBS Fund Manager LLC (Bridge AMBS) was met with strong interest from the market, and the investment portfolio has grown to nearly $1 billion to date.
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